Arcano Partners, the leading independent firm in investment banking and alternative asset management in Spain, has announced the closing of the second transaction of the vehicles Arcano Aviation Fund, FCR, and Arcano Capital Aviation SCR with the acquisition of 2x Airbus narrowbody aircraft with an existing lease attached, on lease to Wizz Air, a leading European airline in short-haul traffic in Central and Eastern Europe. Arena Aviation Capital (Ireland) Limited will act as Lease Servicer and the financing has been provided by Airbus Bank. KPMG acted as legal and tax advisor and Walkers as Irish legal advisor.
This specific aircraft type has traditionally been one of the most demanded and sold aircraft since the delivery of the first unit in 1993. To date, more than 2,700x aircraft of the same type have been delivered and there are orders for more than 5,000 units.
"These assets have enormous reliability and are a perfect complement to our first transaction, 1x Boeing 777-300ER with Air Canada," commented Jon Garaiyurrebaso, Managing Partner of Arcano Asset & Capital Finance (the area of Arcano Partners specialized in financing real and intangible assets, which has acted as advisor)
Javier Hidalgo, Director at Arcano Partners, stated, "We will continue investing in assets in the coming months with the aim of building a diversified portfolio for our investors that generates stable and predictable cash flows in the coming years."
About Arcano Partners
Arcano Partners, founded in 2003, is an independent global firm with more than 20 years of experience in international financial advisory and private markets asset management. Arcano currently has four business areas:
·Alternative Asset Management, with more than €11 billion managed and advised since the start of its activity in 2006, and with six asset classes: Private Equity, Credit Strategies, Real Estate, Sustainable Infrastructure, Venture Capital and Aviation Finance; Arcano has a strong focus on sustainability and responsible investment, being one of the benchmark asset managers in ESG.
·Investment Banking provides advisory services in M&A, refinancing, restructuring and capital markets transactions to companies in various sectors; Arcano has specialized teams by sector, and additionally offering a transversal technology/digital approach.
·Arcano Research provides economic, real estate and differential market analysis, as well as geopolitical and technological analysis of both local and global trends. This analysis is extremely useful for optimizing business decisions, especially in environments of extreme uncertainty where the impacts of making mistakes are profound and can be mitigated by investing in quality analysis.
·Arcano Asset & Capital Finance, an area that allows investors to participate in the creation of solutions for the financing of real or intangible assets in Spain.
Arcano Partners has a team of more than 260 professionals of more than 20 nationalities across 7 offices in Europe and the United States and has become one of the independent firms of reference in the European private markets industry.
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